Santa Clara Real Estate at Year End (2010)

Small Single-family home
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The number of active single family homes in Santa Clara is 94, pending sales in the last 30 days were 41 and closed sales in December were 41. Santa Clara inventory is up 284% since last year. Pending sales are up slightly over last year while closed sales are down about 20% over the same period.

The price range for the active homes ranged from $299,000-$1,450,000. The median list price is $588,000. The listing price range for the pending sales is $250,000-$799,000.

The number of townhomes/condos on the market is 87, with pending sales for the last 30 days at 26 and closed sales in December were 23. The numbers are remaining fairly steady.

As of December 31st, in Santa Clara County the inventory for active listings of single family homes was 2187 and condo/townhomes is 1107. Totaling 3294 for both. Although the inventory continued to reduce from mid-September, there is a 41% increase in single family homes on the market over last year and 85% more condo/townhomes. The later has been plaqued by a number of issues which do not seem to be correcting in the near future.

The number of homes and townhome/condos that went into contract over the last 30 days was 1359 (single family – 966, condo/townhome – 393). These numbers are about 13% higher than last year which is good news.

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